CPI Aerostructures has a Cash Ratio of 0.16. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for CPI Aerostructures's Cash Ratio or its related term are showing as below:
CVU'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.2
Current: 0.16
During the past 13 years, CPI Aerostructures's highest Cash Ratio was 0.20. The lowest was 0.02. And the median was 0.15.
CVU's Cash Ratio is ranked worse than 74.18% of 306
companies
in the Aerospace & Defense industry
Industry Median: 0.36
vs CVU: 0.16
CPI Aerostructures Cash Ratio Historical Data
The historical data trend for CPI Aerostructures's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of CPI Aerostructures's Cash Ratio
For the Aerospace & Defense subindustry, CPI Aerostructures's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CPI Aerostructures's Cash Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, CPI Aerostructures's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CPI Aerostructures's Cash Ratio falls into.
CPI Aerostructures Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
CPI Aerostructures's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CPI Aerostructures (AMEX:CVU) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
CPI Aerostructures Cash Ratio Related Terms
Thank you for viewing the detailed overview of CPI Aerostructures's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CPI Aerostructures (CPI Aerostructures) Business Description
CPI Aerostructures Inc is engaged in the manufacturing of structural aircraft parts for fixed-wing aircraft and helicopters in both the commercial and defense markets in the United States. It also provides engineering, program management, supply chain management and kitting, and Maintenance Repair and Overhaul (MRO) services. CPI also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. CPI Aero supplies the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, and the S-92 helicopter among others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CVU has been successfully added to your 